Alexander Novak

Diesel falls sharply as EU considers releasing 50mn barrels under pressure from Trump

The sudden drop in Chinese fuel exports sent Asian countries scrambling for alternative supplies

Russia was the world's second-largest diesel exporter after the United States before it started to limit overseas sales this summer to meet the demand of the domestic market, supplies to which were dented by Ukrainian attacks on refineries

Ukrainian drone strikes against Russian oil refineries in recent months have damaged major production facilities and in some cases forced shutdowns, triggering nationwide fuel shortages and rationing

At least six Russian regions have rolled out an odd-even gasoline purchase plan as long lines of motorists continue to inundate gas stations amid nationwide fuel shortages caused by Ukrainian drone attacks on oil refineries

Russia Bans Diesel Exports After Ukraine’s Refinery Attacks

Kyiv observes a day of mourning after 27 killed, 91 wounded and more than 130 buildings destroyed in deadliest strike

Some areas of the world’s third-largest crude oil producer report issues including restrictions on fuel sales and queues at petrol stations

Some areas of the world’s third-largest crude oil producer report issues including restrictions on fuel sales and queues at petrol stations

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al Saud has met his Russian counterpart in St Petersburg and called for stability in global energy markets as OPEC+ grapples with disruptions caused by the wars in Iran and Ukraine, which have sent oil prices skyrocketing

Russia Cuts Growth Outlook Despite Putin’s Push to Rally Economy

Moscow to suspend Kazakh oil flows to Germany

Russian oil has been sold at steep discounts in recent years due to Western sanctions imposed over the full-scale invasion of Ukraine

Russian oil has been sold at steep discounts in recent years due to Western sanctions imposed over the full-scale invasion of Ukraine

The price of Brent crude climbed as high as $119 a barrel and European gas prices briefly surged by 35 per cent after Iran pounded Qatar’s Ras Laffan energy hub and other Middle Eastern oil and gas infrastructure with missiles

The remarks come after Iran launched ballistic missile strikes on Ras Laffan Industrial City, targeting what is considered the world’s largest liquefied natural gas facility

A smirking Vladimir Putin has threatened to halt gas supplies to Europe and Britain amid a spike in energy prices triggered by the Iran crisis

Jet Fuel Prices Surge as Iran War Disrupts Middle East Exports

The Iran war's disruption of Middle East oil and gas supplies and soaring prices are strengthening Russia's ability to profit from its energy exports, a pillar of the Kremlin's budget and a key to paying for its own war in Ukraine

Residents of Parbhani district in Maharashtra rushed to petrol pumps amid fears that the ongoing conflict involving Iran could trigger a spike in fuel prices or disrupt supplies